Recent maintenance costs of Divers Corporation are listed below: Machine-Hours Maintenance CostsFebruary527 $5,144March499 $5,033April542 $5,220May541 $5,196June489 $4,973July543 $5,200August558 $5,288September513 $5,060 Management believes that maintenance cost is a mixed cost that depends on machine-hours. Using the least-squares regression method, the estimate of the fixed component of maintenance cost per month is closest to:
A. $4,973
B. $5,139
C. $2,806
D. $2,738
Answer: C
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Grove Corp purchased equipment at a cost of $260,000 in January, 2012 . As of January 1, 2016, depreciation of $88,000 had been recorded on this asset. Depreciation expense for 2016 is $22,000 . After the adjustments are recorded and posted at December 31, 2016 . What are the balances for the Depreciation Expense and Accumulated Depreciation? Depreciation Expense Accumulated Depreciation
a. $ 22,000 $110,000 b. $ 22,000 $ 88,000 c. $110,000 $110,000 d. $110,000 $ 88,000
The Uniform Commercial Code (UCC) provides that a lawsuit for breach of a sales contract must be filed within three years after the breach occurs.
Answer the following statement true (T) or false (F)
The symbol ? shows the
A. union of events. B. intersection of two events. C. sum of the probabilities of events. D. sample space.
Explain how the terms civil law and civil law system differ